Top 10 Richest Man in the Philippines 2017
Henry Sy has remained Philippines' richest man for the 10th year in a row. Read more below to find out Filipino billionaires who made it in Forbes' 2017 Billionair List.
1. Henry Sy
1. Henry Sy
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| Photo Courtesy:Smprime.com |
Filipino-Chinese mall tycoon Henry Sy is the richest man in the Philippines. This year is 10th year that Sy has been hailed the country’s wealthiest man. Sy, 92, has recorded a net worth of $18 billion. According to Forbes, Sy was the biggest gainer in dollar terms on their Philippines’ Billionaires List released in August 2017. Sy has staked his SM Mall business into real estate and banking. It has since branched out to property, gaming, and mining.
2. John Gokongwei Jr.
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| Photo Courtesy: Forbes.com |
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The net of John Gokongwei Jr. went down from $6.2 billion to $5.5 billion in 2017. Gokongwei , 91, is involved in air transportation, telecommunications, banking, food, power, and properties.
3. Enrique Razon Jr.
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| Photo Courtesy: Worldcasinodirectory.com |
Ports and gaming tycoon Enrique Razon Jr. is the Chairman and CEO of International Container Terminal Services, Inc., the country’s leading port management company. He also chairs Bloomberry Resorts Corporation, which runs the Solaire Resort and Casino. Razon’s net worth went up to $4.3 billion from $3.5 billion last year.
4. Lucio Tan
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| Photo Courtesy: Philnews.ph |
Lucio Tan, 81, has a net worth of $4.3 billion. Tan is involved in tobacco, spirits, banking, and the airline industry. He is fourth richest in the country.
5. Jaime Zobel de Ayala
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| Photo Courtesy: Alchetron.com |
The net worth of Jaime Zobel de Ayala, 81, is $3.7 billion. Jaime chaired Ayala Group until his son Jaime II took over in 2006. In February 2017, the corporation bought 49% stake in online fashion store Zalora.
6. David Consunji
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| Photo Courtesy: Alchetron.com |
David Consunji was a former secretary of the Department of Public Works, Transportation and Communications during the Marcos administration. He founded DMCI, a construction company, in 1954. Consunji has a net worth of $3.68 billion. Consunji passed away on Sept. 4, 2017 at the age of 94.
7. George Ty
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| Photo Courtesy: GTCapital.com.ph |
Georgy Ty heads GT Capital Holdings. The Filipino banker and business taipan boasts a net worth of $3.6 billion. Ty, 85, owns the Grand Hyatt and Marco Polo brands.
8. Tony Tan Caktiong
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| Photo Courtesy: Firstgen.com.ph |
Tony Tan Caktiong, founder and chairman of Jollibee Foods Corporation, has net worth of $3.4 billion. In addition to his food empire, Caktiong, 64, also owns a stake in Double Dragon Properties.
9. Andrew Tan
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| Photo Courtesy: Allianceglobalinc.com |
Andrew Tan, 65, heads Alliance Global. He grew his wealth by developing large apartment complexes in Manila. Tan’s net worth is $2.5 billion.
10. Ramon Ang
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| Photo Courtesy: Meralco.com.ph |
The net worth of Ramon Ang is $2.3 billion. He is the president and vice-chairman of San Miguel Corporation (SMC). The 63-year-old also owns a hotel and 100 acres of prime real estate. San Miguel Properties, Inc. is the real estate arm of SMC.
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